India may be the world’s second-largest steel producer, yet it continues to grapple with reliance on steel imports. In the last few months, China has emerged as a major steel exporter to India, leading to protests from India’s domestic sector. Indeed, India’s June 2023 steel imports rose by 5.9% month-on-month and 7.
6% year-on-year. Alongside China, the country also saw increased shares from Vietnam. The primary concern among local steelmakers is protecting their interests while avoiding negative impacts on local steel prices.…China's Surge In Steel Exports Rattles Indian Producers
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